“One said the house-building entity would be declared insolvent if it was a ‘normal’ company, while another said the council would be better off buying houses and ‘getting rid of Treveth’. Treveth was created by Cornwall Council in 2019 with a mission to provide high-quality sustainable new homes, communities and commercial spaces for the benefit…
‘ASX Wolf’ finfluencer flaunts Rolls-Royce after being declared bankrupt WAtoday Read the original article here
Croydon: Met drops probe into council’s ‘financial collapse’ BBC Read the original article here
New Delhi: Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday said a creditor-led resolution framework under the bankruptcy law is in the offing. The move aims to lower the workload of the adjudicating authority by enabling the committee of creditors (CoC) to take on greater responsibility and expedite the rescue of…
A total of 3,347 eateries have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service and first reported by Sky News. During the first three months of 2023, an average of six restaurants were affected every day. Of those restaurant declared insolvent, 98%…
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
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Highlights The Committee of Creditors rejected the e-voting for the appointment and fees of PVRN & Co. and Nangia & Co. LLP for conducting the Corporate Insolvency Resolution Process Cost Audit of Jaiprakash Associates Limited, with votes receiving 49.07% and 46.63% respectively. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision…
Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023. Georg Hochmuth | Afp | Getty Images Rene Benko, the fallen property tycoon whose Signa empire toppled in…
